Digital Bank Revolut Launches Cryptocurrency Exchange Revolut X

According to Foresight News, digital bank Revolut has developed a cryptocurrency exchange, Revolut X, targeting professional traders. The new platform will charge zero fees to the makers, while takers will be subjected to a fee of 0.09%. This move is seen as a strategic step by Revolut to tap into the growing market of cryptocurrency trading. The bank's decision to charge no fees to makers could potentially attract a large number of traders to their platform. On the other hand, the relatively low fee for takers is also expected to be a significant draw. The launch of Revolut X marks the bank's latest foray into the digital currency space, following its earlier introduction of cryptocurrency services for its banking customers. The development of Revolut X underscores the bank's commitment to expanding its digital offerings and catering to the evolving needs of its customers in the digital age.